Transdigm Group (NYSE:TDG) Reaches New 52-Week High After Analyst Upgrade

Transdigm Group Incorporated (NYSE:TDG - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday after Susquehanna raised their price target on the stock from $1,300.00 to $1,600.00. Susquehanna currently has a neutral rating on the stock. Transdigm Group traded as high as $1,553.85 and last traded at $1,544.06, with a volume of 175320 shares trading hands. The stock had previously closed at $1,539.53.

Several other equities research analysts have also recently issued reports on the stock. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Northcoast Research raised shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a research note on Wednesday, April 9th. Stifel Nicolaus began coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price target on the stock. KeyCorp boosted their price target on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Finally, The Goldman Sachs Group boosted their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,581.80.

Insiders Place Their Bets

In other news, Director Robert J. Small sold 45,700 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the completion of the sale, the director directly owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. This represents a 34.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sean P. Hennessy sold 4,700 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the sale, the director owned 33,713 shares of the company's stock, valued at $48,429,398.76. This trade represents a 12.24% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 122,149 shares of company stock valued at $176,059,567. 4.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Proficio Capital Partners LLC increased its position in shares of Transdigm Group by 125.9% in the fourth quarter. Proficio Capital Partners LLC now owns 576 shares of the aerospace company's stock valued at $730,000 after buying an additional 321 shares in the last quarter. Independent Advisor Alliance acquired a new stake in shares of Transdigm Group during the fourth quarter valued at $354,000. HighTower Advisors LLC boosted its stake in shares of Transdigm Group by 13.9% during the fourth quarter. HighTower Advisors LLC now owns 17,338 shares of the aerospace company's stock valued at $21,972,000 after acquiring an additional 2,122 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Transdigm Group by 17.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 209 shares of the aerospace company's stock valued at $265,000 after acquiring an additional 31 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Transdigm Group by 42.2% during the fourth quarter. Farther Finance Advisors LLC now owns 266 shares of the aerospace company's stock valued at $337,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Stock Up 0.3%

The firm has a market cap of $86.93 billion, a price-to-earnings ratio of 52.27, a price-to-earnings-growth ratio of 3.12 and a beta of 1.04. The business has a 50 day moving average of $1,453.53 and a 200 day moving average of $1,374.70.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the company earned $7.99 EPS. Research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.

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